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The Ministry of Housing, Utilities and Urban Communities in Egypt announced an important step on the Bo Island project in the Sidi Abdel Rahman area of the North Coast, aimed at preserving the rights of the two barriers and creating the appropriate conditions for the completion of the procedures related to the project, according to the Egyptian "Seventh Day".
The ministry confirmed, in a statement today, that the Board of Directors of the New Urban Communities Authority approved, in its session No. (218) for the year 2026, the waiver of the two plots of land located in the area of Sidi Abdel Rahman – Alamein – Matrouh, for the benefit of “Tahya Misr” Holding Company for Investment and Development (Tahya Misr Development Fund), with the completion of the legally prescribed procedures.
The ministry said that this step comes within the framework of regulating the conditions related to the project, and the transfer of the responsibility of the project to the company «Live Egypt» Investment and Development Holding Company, in order to support the stability of its situation, and provide a clear institutional framework to complete the necessary legal and administrative procedures.
The Ministry of Housing aims to protect the rights of the two barriers, stabilize real estate projects and complete legal and administrative procedures
The Ministry of Housing stressed that preserving the rights of the two barriers is a key priority in dealing with this file, and that the measures taken are aimed at protecting the interests of customers and creating the appropriate conditions to complete the project process, in accordance with the applicable legal controls and procedures.
She explained that the approval of the Board of Directors of the Authority represents a positive and important step towards the stability of the situation, in light of the assumption of the responsibility of the project by “Tahya Misr” Holding Company for Investment and Development, and work to complete the associated procedures.
The Ministry of Housing concluded its statement by stressing the importance of accuracy on the information circulating about the project, and not to be driven by rumors or unofficial information, pointing out that the developments related to the project will be announced through the competent official channels, pointing out that the goal of the ministry is to protect the rights of the two barriers and the stability of real estate projects, and the completion of legal and administrative procedures in order to preserve the interests of all parties.
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